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the economy today. he reminded america that there was an election on tuesday and the people have spoken. the president spoke from the east room of the white house surrounded by middle class americans. he's ready to lead on fiscal challenges facing this country. >> the american people voted for action. not politics as usual. you elected us to focus on your jobs, not ours. and in that spirit, i have invited leaders of both parties to the white house next week so we can start to build consensus around the challenges that we can only solve together. >> no heavy hand, no arrogance whatsoever. if there's one word to sum up the president's presentation today, it's this. consistent. the guy who gave the speech is the same guy who we watched on the campaign trail for the last seven months. americans want cooperation when it comes to a deal on the united states economy and the president is delivering his side of the bargain. >> we can't just cut our way to prosperity. if we're serious about reducing the deficit, we have to combine spending cuts with revenue. that means asking the wealthiest ameri
and keeping the economy growing. all of it goes back to the looming fiscal cliff. $700 billion in tax hikes that will take place on january 1st unless there's a deal. >> he's going to reach out in a bipartisan way. . he's going to stick to his position on the revenues, but say we have to work together and i'm willing to do my share and lead my party. >> that 396 referring to the bush tax cuts. to make a deal, the president will need to work with congress, especially house republicans and they have been opposed to tax increases. we will hear from john baoehner too for the republican party. >> raising taxes on small business people is the wrong prescription. >> raising tax rates is unacceptable. and frankly it couldn't even pass the house. putting increased revenues on the table but through reforming our tax code. >> i want to bring in ruth marcus, columnist at "the washington post" and perry bacon, an msnbc contributor. what's your sense of this? are we setting up for a feisty but doable deal? but is it also possible we're in for a battle of epic proportions? >> yes to both ques
dead line sets up a stand off with the nation's economy hanging in the balance. a new congressional budget office report predicts a fall off the cliff. could send the unemployment rate skyrockets by the end of next year. with the books on his presidency already being written, but the second chapter yet to be lived, can the president find common ground with a deeply-divided congress and dodge economic disaster? >> it's a huge challenge for president obama, but also a huge opportunity. health care reform in his first term and putting the fiscal house in order for the next four generations as the signature achievement already? >> he's going to have to strike some deals. and he's going to have to make some grand alliances. >> joining me from the white house is kristen welker. explain the footprint we can expect to hear. >> reporter: good morning. i think that the president is going to try to achieve two things. first, to try to set the tone for his second term. your going it hear him make a call for bipartisanship. we heard some of that during his victory speech in chicago earlier this
today that the economy is on the upswing, and you might be driving it. good morning, everyone. welcome to "weekends with alex witt," let's get to what's happening right now out there as we have new information today on the shocking resignation of cia director david petraeus. we have now learned the fbi opened an investigation into his biographer, paula broadwell, for allegedly accessing petraeus' e-mails. all this just a week before the general was set to testify before congress on the benghazi attack. joining me now is greg miller, national security correspondent for "the washington post." greg, what a morning. let's get right to it. i'd like to hear the latest that you've learned. >> well, you know, the big question now is what is the reason for this fbi investigation into this e-mail? and it does look like this is an access to a personal e-mail account. so, this is not a case, as it initially appeared yesterday, of david petraeus coming forward to clear a guilty conscience or something. this is a case where he was flushed out in the open by an fbi investigation that had to do with s
with the economy. but immigration and what kind of a country we're going to be going into the 21st century more deeply with china and brazil and india and those competitors we have out there now. young people not being able to get a job. the manufacturing base changing. so i do hope that the president does have a strong concept of where he wants to go and how he wants to get there. look, be he's the first african-american president gets re-elected as an african-american president. those will be more than asterisks in history. now it's about legacy, andrea. it's about what did i accomplish. not just that i was unique as a candidate but would i leave behind for jen rags yet to come -- generations yet to come. >> you spent so much time with the military, the troops in iraq and afghanistan and wars going back. how damaging do you think it is to the morale when two of the most celebrated four-star generals, one is involved because of his acknowledged misconduct, the other peripherally involved, we now believe, because he got an e-mail, turned it over to authorities and now perhaps seen as a witness
about, you know, what students get in debt, like that's the biggest problem in the economy? it's crazy. >> there's also an irony here, too, because mitt romney represents the forces within our society who get, if you want to call them gifts, the most gifts. the defense industry, he was prepared to say he will increase the deficit to give you more. the elderly who mainly voted for mitt romney, if you want to look at the apportionment of government spending, get a far disproportionate share. most of the quote, unquote gift if you want to call it that, they're mostly going to the people who voted for mitt romney, red states who are basket cases, wards of the blue states. >> we're not against that. >> jared, final word to you. >> from the very beginning, it always looked to me like mitt romney and his minions looked down at the american economy and decided rich people don't have enough, and i just think that's not the economic analysis that's going to move this country forward. >> absolutely. >> and i'll bet he wasn't saying that when the olympics were asking for gifts from the federal gov
will coincide to basically push the u.s. economy into a recession unless congress does something about it. >> so remember that game on "the price is right" when the contestant had to avoid the guy going over the cliff, cue up the music, folks. going over the fiscal cliff means the end of the bush tax cuts. that would save $221 billion. but would raise most people's taxes by about 3500 bucks. reduces costs by $65 billion. general spending, including items on education and veterans benefits. a third cost redix, the payroll tax holiday expires. $95 billion saved there. and finally, emergency of employment benefits and health care and tax cuts, benefits saves the largest chunk there. that's $225 billion. if all of these cuts happen, the deficit improves by $607 billion. it would go down almost 40% but come at a hefty price. the economy would go over the fiscal cliff, sending the economy back into a recession. budget office projecting the unemployment rate could jump to 9.1% by the end of the year and that economic growth as well could shrink by half of a percent. i want to bring in bill schneider, c
is offering the republicans. at some point, and i don't know how much we have to damage the economy before that, republicans will do something they haven't done in years and vote for a tax increase. >> thank you both. >> thank you. >> coming up, the fallout from karl rove's $300 million fail is getting humorous. wait until you hear the new plan. >>> and breaking tonight for the first time we are hearing what mitt romney really thinks about why he lost. you will not believe who he's blaming. stay with us. i always wait until the last minute. can i still ship a gift in time for christmas? yeah, sure you can. great. where's your gift? uh... whew. [ male announcer ] break from the holiday stress. ship fedex express by december 22nd for christmas delivery. campbell's has 24 new soups that will make it drop over, and over again. ♪ from jammin' jerk chicken, to creamy gouda bisque. see what's new from campbell's. it's amazing what soup can do. out for drinks, eats. i have very well fitting dentures. i like to eat a lot of fruits. love them all. the seal i get with the super poligrip free keeps
-in-class fuel economy. engineered to move heaven and earth. ♪ guts. glory. ram. plo. >>> shakeups and shakedowns. we can expect some president obama has invited congressional leaders to the white house next week to try top find some common ground on a drastic budget cuts set to take effect january 1st. while they are pledging compromise, both seem to be digging in on the bush tax cuts. >> if we're serious about reducing the deficit, we have to combine spending cuts with revenue. and that means asking the wealthiest americans to pay a little more in taxes. on tuesday we found out that the majority of americans agree with my approach. democrats, independents, and some republicans. >> instead of raising tax rates and accepting the damage it will do to our economy, let's start to solve the problem. let's focus on tax reform, that closes loopholes and lowers tax rates. >> let's bring in reed wilson. good afternoon to both of you. >> good afternoon. >> let me start with you. are we in for a new era of cooperation? is the end to the gridlock behind snus. >> well, i think it's a little too soon to get t
about in the election. >> i need to know that they should focus on creating jobs and growing the economy. >> we have a jobs crisis. >> we're going to create one million new manufacturing jobs. we're going to train two million workers. >> the answer isn't government. the answer is more good jobs. >> what happened to jobs? when are we going to talk about jobs? >> it's really funny because during the campaign trail, both romney and the president they voided the whole fiscal cliff. there was little talk about what washington will have to do. here we are and have to deal with the major issues that could have a negative impact on the economy. the people who were pushing big deficit packages, even the business communities say, if we get a deal, that would be good for the economy and grow jobs. but if there are tax increases, that could set the economy back. something the cbi warns if nothing happens could send the economy back into recession. the message in washington is how do we avert this crisis. it's not how are we going to create jobs right now. >> i guess we'll have to wait a little longe
on the economy in the first year of this ten-year. that is slowing down the gdp by four percentage points that's kicking us into a deep recession. >> i think everybody's aware of that. i don't think that anybody, whether new members coming in now or whether existing members who have been there for a while i don't think anybody has any illusions of the urgency of this. it doesn't mean it's going to be easy. john boehner has to deal with the problems he had to deal with a year ago in terms of his caucus. it's really important that we are in a place where we're further away from the 2010 victory for the tea party. the members of his caucus that were most difficult to deal with a summer ago, those people were coming off of a huge victory in 2010, now much further down road and coming off -- many got re-elected tuesday but the whole political environment has changed given the success of not just president obama but democrats more broadly in congress. and it does change everyone's incentive structure. there's no one, no one, who is politically well affected positively affected if the country drops i
would jump to 9.1% by the end of next year and the nation's economy could slide into another recession. joining me for our daily fix, special panel, chris cizilla, msnbc contributor and managing editor of post politics.com, mark halperin, senior political analyst for "time" and msnbc. >> greg, u.s. economics editor for the economist and "new york times" andrew ross sorkin, co-host of "squawk box" on cnbc. welcome all. first chris cizilla and mark halperin, the political side of this, chris, your reporting so far, we've seen speaker boehner today, what chuck schumer had to say, the president's expected to announce that he is inviting all of the leaders to the white house to discuss the fiscal cliff. >> right. i think what we've seen broadly is marking out of territory, with a strong emphasis on willing to work across the aisle. i don't expect president obama to go into specific detail of how he's going to get this done. i do, however, expect kind of this, you know, the election is now over, let us come together tone. and to be honest, i think he does have a stronger hand in this, than m
things resolved, get the economy back on track. but, i think it's undeniable based on the results in the house, in the senate as well as the presidency that people are supporting the idea of a more progressive version of the government designed to stand-up for the middle class and that we are all in this together and people aren't on their own and shouldn't be on their own. i'm hopeful the republicans in the house of representatives will come to the conclusion they can't continue to stand by a hard line position of no compromise. the one thing i think is clear is the american people want government to work and that's going to require compromise. >> the american people want government to work. wanting it doesn't make it so. ed, you are an outspoken supporter to mitt romney and a donor to a super pac. >> yes. >> i can understand how you feel about the presidential election because the person you were backing didn't win. when you look at the senate and congress and how congress is going to work with the president, how you interpret or understand the election results? >> one thing is
't that be good for the economy? the president is open to compromise, but he's not going to give away the store, not this year. he learned his lessons back in the lame duck session of congress, 2011. so today he openly rejected the mitt romney, john boehner solution for tax reform. >> what i will not do is to have a process that is vague, that says we're going to sort of, kind of raise revenue through dynamic scoring or closing loopholes that have not been identified. and the reason i won't do that is because i don't want to find ourselves in a position six months from now or a year from now, where lo and behold, the only way to close the deficit is to sock it to middle class families. >> now, that is the classiest way i have ever seen anybody say, you know what, somebody's got to pick up the bar tab, boys. this is what president obama ran against in the presidential election. mitt romney's approach to tax reform was, trust me. the american public wanted specifics. and president obama continued to give specifics today, but the economy wasn't the only thing on the president's mind today. earlier
in chicago. he's back here, and the real work begins starting with the economy including that fiscal cliff that you mentioned. taxes and budget problems that could kick in by the end of this year. >> i am looking forward to reaching out and working with leaders of both parties to meet the challenges we can only solve together. >> reporter: fresh off his election victory, president obama's already been on the phone with top democrats and republicans in congress urging them to compromise before america falls off the fiscal cliff. what's that? long-term unemployment benefits and the 2% payroll tax cut expiring, a big cut in medicare payments, and your taxes going up january 1 if congress doesn't act. plus, another $500 billion in cuts at the pentagon. boeing, the military's second largest supplier, already announced a second round of executive layoffs. >> nobody wants to see this fiscal cliff without a deal because the cuts are severe and the tax increases are severe and so we've got to find a path forward. >> reporter: on capitol hill leaders signaled compromise. >> compromise is not a dirty
given where our economy is. >> is it on the table to talk about? >> i made clear yesterday that raising tax rates is unacceptable and frankly it couldn't even pass the house. >> at issue here is this perfect economic storm that could have serious consequences. nbc's andrea mitchell breaks it dun for you. >> reporter: the campaign was tough. victory is sweet. now comes the hard part. >> on january 1st, 2013, there's going to be a massive fiscal cliff of large spending cuts and tax increases. >> reporter: so what exactly is the fiscal cliff? it's night mare combination of tax hikes and spending cuts the president agreed to to force themselves into a compromise. so far, they haven't agreed on anything. so barring a last-minute fix at the stroke of midnight on new year's eve, the bush tax cuts expeer. the alternative minimum tax kicks in. more than half of all married couples with two children would owe an additional $4,000 in taxes each year. those with three or more children, that jumps to $4700. on top of that, the 2011 temporary payroll tax cut would expire, so add on a 2% tax increase
obama and prime minister cameron can do together to get the global economy on track and resolve serious situations like syria. >>> good morning from washington. it's friday, november 9th, 2012. this is "the daily rundown" i'm chuck todd. let's get right to my first reads in the morning. at 11:00, in the white house east room the president will speak to the nation for the first time since his election about what he hopes to accomplish before the end of the year. before taking on the new challenges though the president changed his campaign workers this emotional video from wednesday was released by the obama campaign. >> you guys have done, and the work that i'm doing has improved. i'm really proud of that. i'm really proud of all of you. and -- and what -- [ applause ] >> now it's back to governing. today the president will layout his marker for negotiations on the fiscal cliff. the combination of tax hikes and spending cuts that will kick in at the end of the year if nothing is done. a midnight december 30th, the bush tax rates will expire, the alternative minimum tax kicks in. more tha
a negative, detrimental effect on the economy, but, in fact, that's the part of the bargain that you have to do and we are at historic lows on revenue. so i've always agreed to it i voted for the simpson boles, i have been a part of the gang of six, the gang of eight. i agree that we have to go there, but how we go there is very important in terms of the incentives for capital investment in this country. and we have do it in a way that does not diminish that, turn quickly to lessons from this election and where things go beyond this negotiation over the fiscal matters. senator schumer, immigration. are we going to get comprehensive immigration reform? it sounds like, if you listen to the house speaker, they have had a chang of heart, they want a comprehensive plan s there news to be made on this? >> i think so senator graham and i have talked we are resuming the talks that were broken off two years ago. we had put together a comprehensive details blueprint on immigration reform. it had the real potential for bipartisan support based on the theory that most americans are for legal immigrat
cuts to expire given the impact that's predicted on the economy? >> look, one hopes that these warrings factions that we have in washington will reach a compromise before january 1st. >> but david corn says that's virtually impossible. >> i don't understand what's so hard about this because the other thing that bill kristol said is that back when the economy was strong, he referenced 82 to 85 in the reagan administration when marginal tax rates were 50%, the other time the economy was really strong was during the second clinton administration when marginal tax rates were 39.6%. that's what president obama is talking about doing. going back to 39.6%. the economy took off. this should be a no-brainer. you're asking people to pay a little bit more to help out the whole fiscal health of the nation. come on. it's time to -- people have been partying since it's been 1999 for like 25 years. it's time to do this very simple thing. >> martin, i would submit what's so hard about it is january 3rd is still ahead of john boehner. he still has to be reb elected speaker by his own caucus. i think the
something. look at the jobless numbers that came out today. looking at the economy, things are not recovering as fast as people would like. looking at europe. the stock market dropped. in recent days everybody knows there's a real urgency to avoiding the fiscal cliff and doing something. i don't think the solution will necessarily be raising taxes on the top brackets. it seems like the loopholes are going to play a big role. capital gains, things like that. there may be an issue where they really go toe-to-toe on the tax rates and maybe there's wiggle room in the other areas. definitely an urgency to resolve this and set up the idea of overall tax reform in the coming years. >> standby, if you could. i want to bring in sheila jackson lee. so we were just talking about that with susan. would you be comfortable with the fiscal cliff that kept the rates the same but limited their deductions. >> you know, my main focus would be to ensure that the middle class are restored. in order to do that we cannot allow the bush tax cuts to continue. we must focus on saving medicare and so
. the same rate we had when our economy created nearly 23 million new jobs, the biggest surplus in history, and a whole lot of millionaires to boot. >> that was before the election. that was in the -- let's see, think some convention? very clear where president obama was and very clear where the american people voted. americans want progressive action, including higher taxes on the wealthiest americans. this is a pivotal moment for the democrats. the republicans are already trying to make it hard. president obama reached out right after the election victory. he was told that they were already asleep. today speaker boehner told abc news tax increases are still off the table. >> putting increased revenues on the table but through reforming or tax code. i would do that if the president were serious about solving our spending problem and trying to security or entitlement programs. >> revenue through reforming or tax code? this is the same stuff voters just rejected. this was a bright spot in boehner's interview. he was asked if republicans will still pursue full repeat. >> i think the election
the economy from the middle class out, that's not just a talking point. that's a concept that americans embraced. >> you don't have a mandate unless you believe you have a mandate. if you negotiate like you have a mandate. are you confident or are democrats confident the president is going to draw the hard line when he has to. >> the president will not give back. and they have gone so far to say -- it doesn't get more clear than that. >> you mentioned bill crystal. when he steps up and says what he says, isn't giving boehner some cover to make the deal that there are some conservative media people out there with some influence that will give him some backup? it seems like solid messaging. >> my little kids use. >> has he lost his influence or just as strong. will he play into this? >> i don't think he's lost the influence that he should have. and he is a key to that super pac money. the super pac money is the big problem here that looms large over the reelections of many of these tea party republicans who fear losing in primaries. if they spread too far from the right, they don't come b
a deal is because of the economy. if we get tangled up here in d.c. and go over the cliff or down the gradual slope, it's not -- it's not going to be good for the economy. there are people waiting to invest. there's a world watching. everybody agrees that if a deal can be cut, economies around the world, not just in america, are going to benefit. >> yeah. i think the consequences aren't immediate if we get to january 1st, but i'll get into that later. i have a monologue -- >> psychologically they're immediate. >> let me ask you about within the democratic party, then. if the white house's priority is to get a deal, and the bottom line for house republicans is no rate hikes, if the white house were pursue this tax reform without rate hike framework and include in that the entitlement issue with medicare and social security and maybe medicare, that was floated a little bit last year. if that's the kind of package the white house can negotiate with republicans, is there a concern within the democratic party of a revolt against that deal with democrats? >> i think so. i think the pres
cuts that would cause uncertainty and damage to the economy if they're not dealt with. extending those tax cuts for 98% of the american people would deal with more than half in dollar terms of the impact caused by the fiscal cliff. there are other challenges that we would need to address, including the sequester, but congress ought to the house out to pass those tax cuts right away. it would send a tremendous positive signal to the american people that in the wake of this election, we can at the very least come together and convert into law a bill that everyone aa agrees should become law. republicans and democrats alike, the president included. and we will then continue to work on those issues where we have broader disagreement, and that's why the president has invited leaders of congress here to the white house next week. that's why he will be meeting with business leaders and labor leaders and others to get their input and ideas about how to move forward. as he said he does have his own very specific plan that reduces the deficit by $4 trillion. that does
, a sluggish economy, and powerful pro romney superpacs. now comes the hard part for the president, getting past what some call that second term curse. joined by "washington post" editor, pulitzer prize winner david marinis. good afternoon to you, sir. >> great to be with you, craig. >> you write in some detail about precisely how the president spent election day and election night. we know he played basketball. we just heard a few moments ago from one of the guys he played with. >> that's right. >> how confident was the president when the tallies started to come in? >> well, he was very confident in his staff, was remarkable. and they were telling him that everything was solid. so there is always a minor, you know, fear in the back of your head. but he knew he was going to win. >> one of the criticisms of the president's campaign at least was that it lacked details of his goals and how he planned to achieve them. did the voters wednesday morning actually come away knowing the president's agenda for a second term, the you think? >> well, he described three major things that he wants to do.
the road anymore. we've been kicking it down the road for years. it's bad for the economy. it's bad for the country. i'm also optimistic because, when you look at what this country has, we have the same bright, talented people we've always had. we have the same great natural resources and history and ideals and values to lead for another generation, another century or many centuries. we have to get our governance together, and i think that's what the american people are saying, and i think on the signature question in terms of the fiscal reforms, the american people have spoken that they do concur with a balanced approach that includes new revenues as well as spending cuts. >> question to the congressman, if i may. i've always thought and heard from people in his cabinet and his office of management and budget people that this president has always wanted real entitlement reform. he believes in it. have i heard wrong or right on this? obviously, he wants revenue raising at the same time, but i think that he really understands that social security and medicare do need to be reformed i
to be there not in a bee lidge rent way, but as a broker. this is an economy issue. so i think that this withdrawal has to be done because our true national security is in the western pacific. >> let's talk about the unemployment rate here at home for post-9/11 veterans. it's 10%. for women, 15.5%. and both of those numbers are far too high. so what can we be doing to help our veterans when they return to civilian life? >> in the case of jobs, two things. i think it was outrageous that the senate voted to spend over $100 billion on that war where it was all put on to our credit card would not approve a bill for $1 billion for job corps this summer. and you have to look at not just policieses, but how well are they executed. texas hired 25 veterans. and every time a discharge -- a veteran is given his discharge papers or texas veteran applies for unemployment, both those forms are the veteran's contact information is sent to that office of those 125 veterans. they then contact every single texas veteran with half their office. the other half is getting together all the businesses in texas and they match
. >> reporter: experts warn of serious damage to the economy, if the standoff drags on. >> three or four weeks from now, they're making no progress at all, you're going to see the anxiety and the nervousness growing in the markets and the corporate board rooms. >>> two weeks after the destruction from hurricane sandy, victims are still trying to put their lives back together. more than 100,000 homes and businesses in new york and new jersey are without electricity, as they struggle to rebuild. a 77-year-old man has died of injuries from a fall, as sandy hit new york, bringing the city's death toll to 43. >>> homeland security janet napolitano met with disaster victims in new york. >>> and now, for a look at the national weather, we turn to bill karins with the forecast. good to see you. >> good morning. it was a beautiful day for all of the people in the cleanup area and the zone. a lot of volunteers all over the place. hard to believe 100,000 people without power still. it's crazy. let's talk about the temperatures. that's the big weather story today. look at the contrast. the cold air and th
really want to do something for this economy or do we want to play political games and stop the 32 months of private sector job growth? americans have had enough of the bickering, and we will focus on this in the coming shows. and there's going to be a heck of a battle coming up in the lame duck session of the congress on exactly how we're going to solve this fiscal cliff that everybody's talking about. it's only a cliff if we want it to be. get your cell phones out. i want to know what you think. tonight's question, was president obama's re-election a victory for the middle class? text "a" for yes, text "b" for no to 622639. we'll bring you the results later tonight in the show. i'm joined tonight by richard wolffe and e.j. dionne, msnbc contributor, and author of the book, "our divided political heart." gentleman, great to have you with us tonight. >> thanks, ed. >> good to be with you. >> you bet. richard, you first. i called it a statement election. this means that it was a very clear message. do you agree with me on that, or how would you summarize what we went through yesterday? >>
need are people prepared for the careers of our new economy. by 2025 we could have 20 million jobs without enough college graduates to fill them. that's why at devry university, we're teaming up with companies like cisco to help make sure everyone's ready with the know how we need for a new tomorrow. [ male announcer ] make sure america's ready. make sure you're ready. at devry.edu/knowhow. ♪ >>> today in his first public remarks after his historic election, president obama sent a shock message to republicans who didn't listen for tuesday's results. he ran on raising taxes on those at the very top and the american people supported that stance and not rush limbaugh, speaker boehner should stand in the way. either they get in line or they can get run over and judging by the resounding welcome he got, the president got a lot of wind at his back. >> the president and vice president of the united states. [cheers and applause ] >> thank you. thank you, everybody. thank you. thank you very much. >> the support for the president's economic ideas extend far beyond that room. americans nee
back to us expanding the economy though there was no evidence of that. romney's gift would have cost taxpayers money. obama's gift saved taxpayers money. >> talk about the splintering inside the republican party or what seems to be happening, you're a supporter of the jindal position which is more tolerant, less coated in racial rhetoric, do you think there's room in the republican party for both of these kinds of voices which is to say, one group of people which is you know karl rove is doubling down saying conservatives shouldn't abandon principles what they need to work on is messaging and bobby jindal advocating for a wholesale rethinking of what conservatism and what the grand old party means in the 2th century. >> i'm encouraged there are more voices and people in the party advocating i think on the jindal side of the argument. i think that -- i was glad in many respect is it was a definitive outcome, there wasn't a split vote on the electoral college and the popular vote. many republicans have gotten the message. they understand we need to get right on issues like immigration,
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with the republicans like we did last august and nothing gets done and the economy tanks again for a second recession and i'm going down in history as a double failure. >> he can't let that happen. >> at some point he has to pull back from the paul krugmans of the world and the people on the far left, not far left but left, and say i'm president, you're a columnist. >> right. he has -- he's going to get a lot of flack from both his own left flank and the right. he has to accept that. he cannot as a responsible adult let the economy go -- let us go over the fiscal cliff. that would be terrible for the xhi and for the people he's trying to protect in this. it would be terrible for the middle class. >> at the same time though the way he negotiates and the way he tries to reach that compromise is going to be essential. i think people on the democratic party will be willing to yield on some issues. they'll fight and scream and make good cases for their own position but at the end of the day if the compromise is reasonable and is good and he's gotten major concessions from the right, then i think -- >> i g
of strengthening our middle class and improving our economy. you know, i've got a lot of good relationships with folks in the house and the senate and both sides of the aisle. it hasn't always manifested itself in the kind of agreements that i would like to see between democrats and republicans and so i think all of us have responsibilities to see if there are things to improve on. and i don't exempt myself from needing to, you know, do some self reflection and see if i can improve our working relationship. there are probably going to be still be some sharp differences and as i said during the campaign there are going to be times there's fights and i think those are fights this need to be had but what i think the american people don't want to see is a focus on the next election instead of a focus on them. and i don't have another election. and, you know, michele and i were talking last night about, you know, what an incredible honor and privilege it is to be put in this position. and there are people all across this country, millions of folks who worked so hard to help us get elected but th
who are the working poor in our economy. we need to protect that. >> you know, when we talk about the relationship between income tax rates and inequality, i'm struck by the golden age in this this country. under eisenhower it was 90%, from kennedy through the carter years it was 70%. reagan got it down to 28%, and right now the debate is should we go up to 36% on to 36.9%. sister, my question is if we're talking about you using the tax code to address the equality, we're not having the debate nooe we need to have. this is a higher and more progressive attack system. could it get on the agenda realistically? >> well, i think we're taking steps towards that. when you do the analysis of what's going on in our society, you're absolutely right. we need to address all of the factors that create this huge wealth disparity, but a key one, a first step towards this shall we call it a downpayment even is letting some of the bush era tax cuts expire. that i think is a significant step forward. we have to look at the tax code and look at housing. we have to look at savings and a whole bunch
likely to postpone the spending cuts. i think that would be disastrous for the economy. and i think we're likely to let the tax cuts expire than come back in january and cut the taxes for at least 98% of americans. >> joining me now to map out a timeline, nbc white house correspondent mike viqueira who joins me from right there in the white house. so are you getting a sense of the schedule of these events? >> reporter: the schedule is pretty much up in the air. pretty remarkable that john yarmouth, house democrat from kentucky is basically saying let's go over the cliff because we're never going to come to an agreement. the trouble is that cliff if we go over it, the congress at budget office itself says over the next course of the year if those tax cuts kick in, more than $1 trillion in new added taxes to the american people. plus that sequester, that automatic cuts to defense and domestic spending about $1 trillion as well. the cbo says that will be 9.1% unemployment. gdp will slow by half a percentage point. it could be another recession. so where have we seen this movie before? the
to david axelrod, gym messina. but i think the economy was getting better and people ultimately said i want to give this guy another four years to finish the job. >> here's one thing that i don't think was a factor in the last week. the hurricane on the east coast. if there was a factor in the last week, i believe it was mitt romney going into ohio, lying to ohio about something ohio voters know the truth about on this sending jeep jobs to china and to lie straight to the voters who know it's not true, who are related to the workers, whose jobs were not going to china was a deadly move by romney. >> we know that three out of four ohio voters thought the economy was doing very poorly. they were not that excited about what's going on because it's tough out there. but when it comes to policy, six out of ten supported the bailout of the auto industry and to your point they knew on the ground, they knew in their bones what was going on and they knew that mitt romney was lying to them. so that goes to i think another really exciting thing here. money matters and in down ballot races it can destro
with governor romney. let me play it. >> if mitt romney cannot win in this economy, then the tips point habben reached. we have more takers than makers and it's over. >> i'm sorry, this is going to sound cruel, but some of the times i didn't like he was connecting with the material. i think you have to connect with the material. maybe it's people who have actually been in the trenches for decades, not just someone that was a success in business. >> in the trenches like a community organizer and not just a business guy? i mean, what is -- we in some kind of topsy-turvy world now suddenly his business background was nothing? >> there's a lot of rationalizing going on on the republican side because the win was much bigger than -- if they thought that obama was going to beat romney, that he would eek it out and they did not expect 303 and possible 332 electoral vote fs obama picks up florida. not one swing state went for romney. there's a lot of reflection taking place. many republicans i spoke to yet are out of their denial. they know that their coalition is white, that the white vote is decreasi
mitt romney had a technical understanding of the economy, this was about trusting someone. someone who would fight for a better economic future for your children and that is a huge take away. that is buying into the vision of obama. he said that 52% agreed with president obama's views and 44% agreed with romney's views. >> you can't sell people nothing. you may win over latinos and women and latin americans. you can't say they are brown and they are brown >> this is a key point. i think the discussion has gotten reducktive. people who are latino or asian think about policy and whether they want their taxes to go up or down. there is no question there was ideal logical ratification that happened in this election. >> what i love about this, they are never going to turn to policy and say what about pro-choice? >> maybe we should open up to that. >> it is amazing that rush is saying that less than 48 hours after what is termed a whomping in this race. they cannot take a few days to think about where they want to go. >> rush never ceases to amaze, alex wagner at 12:00 noon. and chris haze s
tax rates under reagan? 39% by it's will not cripple the economy. >> rush limbaugh is trying to fight back, but it doesn't sound like he has much fight in him. >> do the democrats after losing elections, ever say, you know what? we're going to have to cut taxes if we are ever going to get back in touch with the american people. they don't. they don't. we, on the other hand are the exact opposite. we start making tracks to abandoning our principles and loyalists as fast as we can. all to precede them. >> "the new york times" reports on a conference call with house republicans a day after the general election, john boehner said they would continue to staunchly oppose tax rate increases, but on sunday. bill kristolly to republican house members it's not just them versus the president, it's them versus history. >> i think republicans will have to give in much more than they think. four presidents in the last election vo won 50% of the vote twice. roosevelt, eisenhower, reagan, and obama. republicans in the house will be able to get some concessions, but i think there will be a big budget
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